Cottage / Storybook home in Newport Beach, CA
A Cottage home in Newport Beach, CA, it offers 4 bedrooms and 3.5 bathrooms across 3,363 square feet. The Cottage styling carries through the home's design.
| Price | $5,650,000 |
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| Beds | 4 |
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| Baths | 3.5 |
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| Sqft | 3363 |
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| Architectural style | Cottage / Storybook (39% match) |
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| Address | 224 Coral Ave, Newport Beach, CA 92662 |
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Why buy this home
- Confirmed Cottage / Storybook architecture, matched from the listing photos by Enzo's vision model.
- Links directly to the original source listing on Trulia.
Is this a good buy?
Priced below comparable homes.
- At $5.7M, this home is 45% above the $3.9M median for 11 similar Cottage / Storybook homes in Newport Beach, CA.
- That works out to $1680 per square foot, 0% above the $1679 comparable rate.
- New to market (6 days), so expect competition.
| This home | $5,650,000 |
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| Cottage / Storybook median in Newport Beach, CA | $3,895,000 (11 homes) |
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| Price per sq ft | $1,680 vs. $1,679 comps median |
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Enzo's reads public listing data and links to the original source. Confirm condition, HOA, taxes and fees there. This is a signal, not advice.
What it costs to own
Estimated at $38,695/month with 20% down at a 7.28% 30-year fixed rate. You would need about $1,658,363 in gross annual income to keep housing within a 28% ratio.
| Mortgage (P&I) | $30,926/mo |
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| Property tax (new-buyer reassessed rate) | $5,650/mo |
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| Homeowners insurance | $2,119/mo |
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| Total monthly | $38,695/mo |
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| Down payment (20%) | $1,130,000 |
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| Income needed | $1,658,363/yr |
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A signal to compare homes, not financial advice or a loan offer.
Financial outlook (modeled)
Enzo's grades this home C+ (65 out of 100) over a 5-year hold, from a Monte-Carlo of local home-price dynamics and the interest-rate path versus renting.
| Grade | C+ (65/100) |
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| Beats renting in | 16% of modeled paths |
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| Modeled 5-yr equity (median) | $2,818,759 |
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| Range (10th to 90th pct) | $1,693,541 to $4,144,477 |
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A probabilistic model built on public data (Zillow ZHVI, FRED rates), not a guarantee or financial advice. Local price dynamics are pooled toward US where local data is thin.
Local home values
Typical home values in United States have risen about 20% over the past 5 years (+1% in the last year), per the Zillow Home Value Index. This reflects the national market, not this specific home.
View this home on Trulia